DEVELOPMENT OPPORTUNITY

Part of Lot 1 (as outlined in the adjacent site plan) includes a selection of garages, adjacent to the Holiday Inn Express. The garages provide an ideal location for additional hotel bedrooms or a residential conversion with retail on the ground floor, subject to the necessary planning consents.

Oast House

A separate unlisted, Oast House, situated in the centre of the site, currently comprises two x 1 bed flats. Subject to Planning, Oast House provides an incoming purchaser an opportunity to redevelop the property for other uses including an additional block of accommodation.

Additional Information

Tenure

The properties are held Freehold.

Rates

We have made enquiries through the Valuation Office Agency which indicates the hotels and premises have the following Rateable Values, with effect from 1st April 2023: Holiday Inn Express Cambridge –Duxford: £198,000

The Red Lion Hotel: £60,000

However, as a result of the UK Government introducing business rates relief for retail, hospitality and leisure businesses for this tax year as a result of the Covid-19 pandemic, which is in effect until March 2022, we suggest that interested parties make their own enquiries to confirm what actual business rates will be payable.

Local Authority

South Cambridgeshire District Council.

Licences

We are advised that the hotels operate will all necessary licences.

Listings

The Holiday Inn Express Cabridge –Duxford is not listed whilst the Red Lion is Grade II listed.

Services

We have been verbally advised that the properties are connected to mains gas, electricity and water.

EPC Holiday Inn Express Cambridge Duxford: Available upon request.

The Red Lion Hotel: Not applicable due to listed status.

Guide Price

Price on application.

Viewing is strictly by prior appointment. Please contact one of the agents below to arrange:

Important Notice

(1) Particulars: These particulars are not an offer or contract, nor part of one. Any information about price or value contained in the particulars is provided purely as guidance, it does not constitute a formal valuation and should not be relied upon for any purpose. You should not rely on statements by Knight Frank in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property. No responsibility or liability is or will be accepted by Knight Frank LLP, seller(s) or lessor(s) in relation to the adequacy, accuracy, completeness or reasonableness of the information, notice or documents made available to any interested party or its advisers in connection with the proposed transaction. All and any such responsibility and liability is expressly disclaimed.

(2) Photos, Videos etc: The photographs, images, property videos and virtual viewings etc. show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.

(3) Regulations: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.

(4) VAT: The VAT position relating to the property may change without notice.

(5) Financial Crime: In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and Proceeds of Crime Act 2002 Knight Frank LLP may be required to establish the identity and source of funds of all parties to property transactions.

(6) To find out how we process Personal Data, please refer to our Group Privacy Statement and other notices at https://www. knightfrank.com/legals/privacy-statement.

Particulars dated July 2021. Photographs dated June 2021.

Knight Frank is the trading name of Knight Frank LLP. Knight Frank LLP is limited liability partnership registered in England and Wales with registered number OC305934. Our registered office is at 55 Baker Street, London W1U 8AN where you may look at a list of members’ names. If we use the term ‘partner’ when referring to one of our representatives, that person will either be a member, employee, worker or consultant of Knight Frank LLP and not a partner in a partnership.

55 Baker Street London W1U 8AN Tel: +44 (0) 20 7629 8171 www.knightfrankhotels.com

Henry Jackson MRICS

Tel: +44 (0) 7767 754 386 henry.jackson@knightfrank.com

Josh Aspland-Robinson MRICS Tel: +44 (0) 7816 605 576 josh.aspland-robinson@knightfrank.com

167 – 169 Great Portland Street Fifth Floor London W1W 5PE

Philip Johnston MRICS

Tel: +44 (0) 7870 555 744 pj@guildprop.com

Richard Davis MRICS Tel: +44 (0) 7818 096 559 rd@guildprop.com